Bahamas To Launch Trade Liberalisation Tax Review
Speaking at a press conference on Monday, Bahamian Prime Minister, Perry Christie
announced the creation of two new commissions tasked with reviewing the country's
tax regime in the light of future World Trade Organisation, Free Trade Area
of the Americas, and CARICOM Single Market and Economy membership. The Nassau Guardian reported that the newly created 22-member Commission on
Trade Liberalisation and Globalisation was introduced on Monday, and told by
the Prime Minister that: 'Your task will be to advise the Government on the administrative and institutional
framework for the development of an effective response to globalisation and
the trade liberalisation process.' Also announced on Monday, according to the local newspaper, was the establishment
of the Office of the Bahamas Trade Commission. The OBTC, according to Minister
for Trade and Industry, Leslie Miller, is set to play 'a pivotal role' in advising
the government on trade liberalisation, globalisation, and related tax issues. .
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